Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS
 
 
« News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

Two additional SGs to deal with direct, indirect tax cases
October, 09th 2007
The government will soon appoint two additional Solicitor Generals to effectively present the states point of view in cases pertaining to direct and indirect taxes, finance minister P Chidambaram said on Saturday.

We are concerned about the quality of representation from the government side, he said adding that the state too needs to be represented by good lawyers who can match high-profiled advocates hired by corporates to deal with taxation disputes.

Speaking at a function to mark silver jubilee of the Central, Excise and Service Tax Appellate Tribunal (CESTAT), he asserted on the need to acquire domain knowledge to adjudicate disputes that will arise after imposition of the Goods and Services Tax from April 1, 2008. He said the finance ministry was still trying to comprehend how oil companies price their products before they are taken out of the refineries and also how these products should be valued for the purpose of levying tax.

This, Mr Chidambaram later told reporters, was only an academic exercise and explains the complexities related with taxation. He said GST which will subsume service tax and Value Added Tax (VAT) would open a new area of indirect tax litigation to be dealt with by CESTAT.

As far as customs is concerned, the minister said litigation would decline with the government introducing harmonised system of classification of goods and reducing rates of taxation.

With customs revenue declining the world over and the tariff rates coming down, he felt it may not be worthwhile for corporate to raise customs disputes.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions